(EANGUS)
In the weeks following the House Armed Services Committee’s Hearing, “Stakeholder’s Views on the Recommendations of the Military Compensation and Retirement Modernization Commission” , National Office staff coordinated with representatives of the Air Force Association, NGAUS, Reserve Officers Association, and VFW to advocate for military retirement enhancement. Under the current, 20-year retirement system, 83 percent of Servicemembers do not receive retirement funds.
EANGUS and its coalition partners would like to see the current system scrapped in favor of a 401k-style retirement system which would vest 100 percent of Servicemembers, after two years of service. Under our proposed plan, Servicemembers are eligible to receive a government match of their retirement investment up to 5 percent and would be able to roll their retirement account into an employer based retirement account upon separation from the Guard. If the 20-year retirement system is scrapped, all currently serving Servicemembers will be grandfathered into current system and will be granted the option to transition to the new plan. Any individual that joins the Guard after date of enactment of the proposed plan would enroll in the new retirement plan.
Please click here to see letter that EANGUS, Air Force Association, NGAUS, Reserve Officers Association, and VFW penned to the Senate and House Armed Service Committees on April 15, 2015.